SOURCE: Hop-on, Inc.

January 29, 2008 10:00 ET

Hop-on Receives $25 Million Letter of Intent

IRVINE, CA--(Marketwire - January 29, 2008) - Hop-on, Inc., (PINKSHEETS: HPNN) announced today it holds a Letter of Intent for 62,000 phones for its newest product, the PDA cell phone model HOP2001.

The US and Latin American distributor provided an irrevocable letter of credit for the purchase of Hop-on's new, innovative phone at approximately $400 per phone.

The HOP2001 meets the needs of both business users and consumers wanting entertainment features not found in conventional phones. The CDMA and GSM modes of the new handset are designed to allow for simultaneous standby, enabling users to choose either mode at any time when making a phone call or sending a short message.

The HOP2001model features Wi-Fi support, Windows Mobile 6®, built-in GPS for use with Telenav GPS Navigator™ and a sleek, lightweight design. It is designed with a large 2.8", tilting color touch screen, while the utilizing a high-resolution screen for sharper images and enhanced usability.

"Hop-on is including its patented universal car charger, leather case and proper cables for synchronizing the HOP2001 to PC's. We are excited to be working with our distributor for distribution within the US market. The phones will also have our gaming software preloaded on the phones", says Hop-on's President, Peter Michaels. Their representation of Hop-on is a welcome addition to our distribution channels.

About HOP-ON, INC.

HOP-ON (PINKSHEETS: HPNN) is a leading developer and marketer of wireless phones and accessories, and one of only three domestic CDMA phone manufacturers. Its product line includes the next generation CDMA 2000 handsets designed by its innovative research and development team, as well as GSM/GPRS handsets. HOP-ON targets its phones to emerging market carriers and other domestic carriers, as well as resellers needing an entry level priced phone. Hop-on is currently expanding into value-added services, including mobile gaming and SMS wagering. The company has developed software and is obtaining licenses in legal jurisdictions to launch gambling programs like interactive poker, blackjack, video poker, roulette and baccarat on cell phones and other mobile devices.

For more information, www.Hop-on.com.

This news release includes forward-looking statements regarding, among other things, the Company's business and financial plans, strategies and prospects. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the Company may publicly file from time to time. All forward-looking statements attributable to the company or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

Contact Information

  • Contact:
    Danny Coleman
    949-756-9008